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Thread: Bitcoin info

  1. #21

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    Quote Originally Posted by BananaLizard View Post
    Bitcoin is the complete opposite of everything you just said.
    It allows you full control of your money regardless of banks, regardless of state.
    Your bitcoins are yours and only yours, no one can take them, no one can tax them, no one can even know you have them and how you use them.
    You can send any amount of money anywhere in the world for next to nothing, instantly.
    Bitcoin is to money what MP3 is to CDs and vinyls - better digital alternative users can share between and use as they please, freely, without middlemen, without surveillance.
    Very well put!
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  3. #22

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    Bitcoin's value is shooting up. Right time to invest I think.

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  5. #23

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    f I change phones,will pitcoin follow it?

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  7. #24

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    Quote Originally Posted by beaver50 View Post
    f I change phones,will pitcoin follow it?
    Bit coin will follow a bit coin wallet rather than a device

    Sent from my SM-G900F using Tapatalk

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  9. #25

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    thanks for the help

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  11. #26

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    Thanks for your topic , it is useful to us

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  13. #27

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    One thing I am noticing is the rise in bitcoin "Pyramid/Ponzi" schemes (but of course the people will deny that is what they are).
    I am following one at the moment that seems to be taking advantage of the average person's naivety about bitcoin and using it to bamboozle them into taking part.
    All they are telling people is about bitcoin itself, how it's value has increased (which, yes I admit is a great thing) but not that they can actually invest in bitcoin without being a part of a dodgy looking scheme where you have to pay to take part, cannot withdraw for 140 working days, are encouraged to "rebuy" your packs (they are charging £50 for a pack that doesn't actually buy £50 worth of bitcoin) rather than withdraw everything (they are encouraging people to only withdraw a percentage) rewarded for getting others to sign up underneath you, and I find the particular group I am following to be rather cultish in it's feel.

    I love bitcoin, I think it is fantastic.
    But I don't like people taking advantage of other people.
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  15. #28

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    I only just started trading BTC about 3 months ago and i wish I got in before but it's cool either way because BTC has so much further to go, if you're reading this just buy some and thank me in the future

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  17. #29

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    Quote Originally Posted by Clarice_Starling View Post
    One thing I am noticing is the rise in bitcoin "Pyramid/Ponzi" schemes (but of course the people will deny that is what they are).
    I am following one at the moment that seems to be taking advantage of the average person's naivety about bitcoin and using it to bamboozle them into taking part.
    All they are telling people is about bitcoin itself, how it's value has increased (which, yes I admit is a great thing) but not that they can actually invest in bitcoin without being a part of a dodgy looking scheme where you have to pay to take part, cannot withdraw for 140 working days, are encouraged to "rebuy" your packs (they are charging £50 for a pack that doesn't actually buy £50 worth of bitcoin) rather than withdraw everything (they are encouraging people to only withdraw a percentage) rewarded for getting others to sign up underneath you, and I find the particular group I am following to be rather cultish in it's feel.

    I love bitcoin, I think it is fantastic.
    But I don't like people taking advantage of other people.
    Well, it seems I may have been a little premature in my assessment of the scheme I mentioned above. We shall see.
    I'm putting it to the test.
    I was quite cross as a friend of mine who knows very little about BTC had been persuaded to join what I thought HAD to be a get-rich-quick scam or ponzi scheme, and after infiltrating one of the ridiculously saccharine - sweet groups where everyone calls each other "Hun" (awful!) I have been watching my friend's progress very closely.
    I have had a fair bit of time to devote to investigating it a little closer while being off work, and I have actually been a bit surprised by how it seems to operate. I have seen the profit my friend has made over the past 2 or 3 months, and as a bit of a test I took the plunge and chucked £50 in myself this week.
    So, by my reasoning of "Don't put in what you can't afford to lose ", I have actually made a tiny bit of profit in 4 days.
    I still want to treat this company with a healthy amount of scepticism, but it had been bugging me for weeks. I still don't understand it fully, but I spend more than £50 on a night out.
    To be honest, I'm still "hoping" it is a short lived flash-in-the-pan as that was my first feelings towards it, and of course us women HATE to be wrong!

    This time next year, Rodney..... :-)

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  19. #30

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    Tbh. Dash is more secure han bitcoin and the exchange rate is better. Though mining is terribly expensive and you need a lot of capital to open a masternode. So better off biying the mini coins in other crypo currency and mving ut around with the exchange rates. I get a reasonable return each week by buying a shit coin trading it for others and moving into dash or bitcoin as the market values change. I think I have abojt 65ish wallets for various crypto coins... back ups too etc.
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  21. #31

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    it is still good time for now to buy bitcoin for investment?

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  23. #32

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    Not really, better off trading the smaller coins into the 5 major as they fluctuate more often, Bitcoin, dash and others have increased in cost. Plenty of research available. And guides, Bitcoin is still worth having but better to buy the others and trade for Bitcoin as investment. But it's a secure way to keep your funds yours.

  24. #33

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    Investing in bitcoins is probably the best thing we can do atm. I can't help thinking how lucky our generation is to witness all this. Cryptocurrencies and blockchain technologies will surely be an integral part of all procedures and transactions and they say it will make everything cheaper and faster (much faster) https://tranio.com/world/analytics/how-the-blockchain It will become possible to buy property without intermediaries, and thus it will be safer, more transparent and more liquid. Look forward to the time when it all becomes widely accepted

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  26. #34

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    Will it ever take off though? Be a while yet as we still have a generation who just about learnt how to send emails lol. Bitcoin sounds confusing to some and so they don't even bother. Plus will the powers really just let go like that? Maybe they will bring out their own cryptocurrency and that'll be the one to take off?

    That said I'm still pissed like so many for not buying a lot of bitcoins when the price was lower. Actually really was close to doing it not even with the idea of it being an investment. More just money out the way that no one need know about.

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  28. #35

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    Quote Originally Posted by bazilbrush View Post
    Will it ever take off though? Be a while yet as we still have a generation who just about learnt how to send emails lol. Bitcoin sounds confusing to some and so they don't even bother. Plus will the powers really just let go like that? Maybe they will bring out their own cryptocurrency and that'll be the one to take off?

    That said I'm still pissed like so many for not buying a lot of bitcoins when the price was lower. Actually really was close to doing it not even with the idea of it being an investment. More just money out the way that no one need know about.
    Most major company herself days accept crypto currency as payment methods. Can do it with an rid reader from your phone in a shop as an example.

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    Think I missed the bus on this one.
    Mine or buy ? Eny one bright enough to understand this ,but my gut feeling is I have missed the bus ,you think it will go $5000+ this week.
    Don't think I am bright enough to grasp the idea,reading about it but get lost on graphs alone,jst loggin into nicehash can be problem,lol.
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  32. #37

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    Quote Originally Posted by skippy View Post
    Think I missed the bus on this one.
    Mine or buy ? Eny one bright enough to understand this ,but my gut feeling is I have missed the bus ,you think it will go $5000+ this week.
    Don't think I am bright enough to grasp the idea,reading about it but get lost on graphs alone,jst loggin into nicehash can be problem,lol.
    You change your real electronic funds from the bank to real electronic and harder to trace funds that you have complete control over.

    The value is like exchange rates. So think of it like a coffee.
    A cup of coffee in the UK is £3 (example) but in the USA it's $7 same item but difference in cost.
    That same aspect can be applied to bitcoin.

    If you were to say buy an ounce of weed at £100 in bitcoin it would still be £100 but assigned a value of 0.02739 Bitcoin

    It's value is market dependant just like everything else. It increases in value the rarer it gets. The reason it's rarer is (technical here) is because it's formed on a blockchain that needs to be "mined" (mathematical computation of a long problem). And the miners are rewarded with btc which is then sold. Those block chains get harder each time its mined.

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  34. #38

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    Do any of you trade while stoned? Have you found any particular strains help you focus more?

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  36. #39

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    Quote Originally Posted by skippy View Post
    Think I missed the bus on this one.
    Mine or buy ? Eny one bright enough to understand this ,but my gut feeling is I have missed the bus ,you think it will go $5000+ this week.
    Don't think I am bright enough to grasp the idea,reading about it but get lost on graphs alone,jst loggin into nicehash can be problem,lol.
    I mine on NiceHash and long story short, I am getting a quarter of what I was getting a few months ago, because the hashrates have been dropping. Worse still, at the current rate of slowing down, in a few more months I might be out of this game.

    For now I plan on mining for as long as I can, and sit tight as I expect there to be another dip after the peak, like last time.

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    well glad i found this thread...
    i want to invest in bit coins and see how it pans out..

    what would you say are the best steps in order to go about this?

    i have my self on Local bitcoin so far... ( i have i phone and imac) but i was told to go trhoughbn as software app for safety that runs with phone and imac....

    then there is Bitfinex which i have as an app but i no idea wtf it does lol...

    steps like 1 upwards on how to go about this would be mega...
    any PM's too to me would be appreciated..
    cheers

    Ultra Noob with a Sand grain brain (forever blowing bubbles)

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